Pfizer and BioNTech partner with Biovac to manufacture and distribute COVID-19 vaccine doses within Africa
Pfizer and BioNTech expect that Biovac’s Cape Town facility will be incorporated into the vaccine supply chain by the end of 2021.
Knight Frank expands into Commercial Property Market in South Africa with Rennie Property partnership
Global real estate adviser Knight Frank has partnered with Rennie Property, one of South Africa’s most prominent and trusted commercial property specialists.
He will be based out of Pune, India. Gaganjot Singh succeeds Marc Pasquet, who has been called to other functions in the Michelin Group.
Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders.
The ECOWAS Trade Promotion Organisation (TPO) Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initia-tives within West Africa and beyond.
Whilst Kenya and Tanzania have for years shared strong trade relations, non-tariff barriers, high cost of production and cheap imports from outside the East Africa Community (EAC) region have impacted trade between the two countries.
The U.S. Agency for International Development (USAID) has announced new funding to create research and innovation centers in Liberia and Guatemala.
The stakes in the two banks, which operate in Guinea and Burkina Faso respectively, are being acquired from BNP Paribas who is exiting these markets for operational reasons.
The TMEA-AFD project will focus on the Djibouti corridor as the main artery of trade for Ethiopia, whilst also supporting more inclusive trade between Djibouti and Ethiopia.
Eni, Government of Kenya partner to promote decarbonization by strengthening cooperation in the sustainable bio-fuel value chain
Eni and the Ministry of Petroleum and Mining of Kenya signed a Memorandum of Understanding to promote the decarbonization process to tackle climate change through new industrial models of fully-integrated circular economy.
World Bank provides $470m to advance regional connectivity, economic opportunities in Burkina Faso, Niger and Togo
Burkina Faso, Niger, and Togo will get a $470 million boost from the World Bank’s International Development Association (IDA), for the ongoing efforts to improve regional connectivity, security, and socio-economic opportunity.
Angola and Switzerland on Monday in Luanda signed a memorandum of understanding on mutual legal and judicial assistance in criminal matters, which should give “greater speed” to asset recovery by the Angolan state.
African Export-Import Bank and Portugal’s National Association of Young Entrepreneurs have announced a 3-year partnership to support and promote Africa’s Fashion Apparel and Textile Manufacturing Industry in Portugal and across Europe.
Abu Dhabi Fund for Development (ADFD), signed agreement with the Government of Rwanda to provide a concessionary loan valued at $15 million to finance the Rambura – Nyange section of the Rubengera- Muhanga road project.
Africa Finance Corporation, le principal fournisseur de solutions d’infrastructure en Afrique, a accuelli la Banque Centrale de Guinée et la République Togolaise comme ses plus récents actionnaires, renforçant ainsi la représentation panafricaine de l’AFC.
CDC Group, l'institut de financement du développement du Royaume-Uni et investisseur d'impact, a annoncé la mise en place d'une facilité de financement du commerce de 50 millions de dollars EU au profit de Ecobank International (EBI SA), filiale du Groupe Ecobank, basée à Paris.
CDC Group, the UK’s Development Finance Institution and impact investor, announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
CDC Group announces $50 million trade finance facility with Ecobank as part of its Covid-19 response
CDC Group, the UK’s Development Finance Institution and impact investor, has announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
Standard Chartered and Afreximbank commit $200 million facility for African Union COVID-19 Vaccination Acquisition Programme
The collaboration between Standard Chartered and Afreximbank will help ensure that 55 countries across Africa have access to COVID-19 vaccines.
Orange Egypt has teamed up with Amazon to offer Orange pre-paid and post-paid customers 6 months of Amazon Prime Video, courtesy of Orange.
The partnership seeks to support the growth of SMEs through provision of guarantees for the Bank’s customer loan facilities. One of the challenges that many SMEs face in accessing credit, is lack of adequate collateral to support their borrowing.
NanoX Imaging Limited, an innovative medical imaging company, has entered the West African market, signing an exclusive distribution deal with EiLEENO Pharma to deploy Nanox's medical imaging services in Nigeria.
The new facility comes as part of Trina Solar’s commitment to further increase its footprint and presence in Africa to cater to the rapidly growing demand for solar energy in generating power for residential, commercial and industrial needs, in addition to farming and agriculture.
The portal is estimated to serve at least 1.5 million users per month and publishes information on 84 procedures made up of 336 steps, 851 forms and documents, 140 contact persons, 88 norms and laws.
From contactless shopping and autonomous checkout technology to Cloud Point of Sale (POS) solutions, Mastercard and Verizon Business will collaborate to deliver scalable innovations that drive the industry forward and create new experiences for consumers and businesses alike.
StarNews Mobile and Culture Genesis to expand entertainment offering to African mobile subscribers via Orange and MTN
StarNews Mobile has announced its partnership with Culture Genesis to distribute All Def Comedy and Music channels to over 430 million mobile subscribers via Orange and MTN in Africa.
Africa Finance Corporation, the leading infrastructure solutions provider in Africa, has onboarded the Central Bank of Guinea and the Togolese Republic as its newest shareholders, cementing AFC’s pan-African representation.
ZCFH headquartered in GCC & Africa, Mobile banking company REZQ-Baraka, the only mobile Shariah Compliant &Digital Bank in the World, and raises $20 million for expansion in the Gulf, Africa, Asia, Europe and CIS countries.
Omnisient, a secure data exchange and collaboration platform which enables companies to improve data-driven decision-making, has secured $1.4 million in a pre-Series A round.
A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors.
[Column] Verner Ayukegba: Angola's oil and gas industry provides huge opportunities for investors despite energy transition
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers. It is for that reason, that the country is host to all major International Oil Companies.
Huawei has announced the appointment of Terry HE as President of Huawei Northern Africa. In this role, he will be responsible for coordinating the group's overall operations in the 28 African countries in the region.
DP World has announced an offer to acquire Johannesburg Stock Exchange-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe.
The fund will provide mid-sized African businesses with flexible capital that will enhance job creation and facilitate much-needed economic opportunities and growth – especially necessary for post-Covid-19 recovery.
Ghana’s Internet ecosystem has received a welcome boost from a collaboration with local player, Ecoband Networks and Workonline Communications, one of the largest IP transit providers on the African continent.
Smile Identity, the company that enables ID verification and KYC compliance through Artificial Intelligence designed for African faces and identities, announced today that the company had secured $7 million in Series A funding.
The International Air Transport Association (IATA) announced the launch of a global Mobility Aids Action Group to examine and improve the transport journey of mobility aids, including wheelchairs, with the objective of improving the handling of this vital equipment for travelers with disabilities.
Social impact investor working in the African agriculture sector, AgDevCo, has announce a multi-million-dollar mezzanine debt investment in Victory Farms, a rapidly growing aquaculture company in Kenya.
TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base structures as well.
African Development Fund extends $83.6 million in grants to boost Ethiopia-Djibouti electricity trade
The Board of Directors of the African Development Bank Group has approved two grants worth $83.6 million to boost cross-border trade in electricity between Ethiopia and Djibouti and to deepen integration in the Horn of Africa sub-region.
International money transfer provider Small World Financial Services has announced that customers in Nigeria can now receive money in minutes across an even larger bank network than before, with more than 2800 pay out locations, as to well as to their bank account.
Glovo selects Orange Business Services’ digital voice solutions to help expand customer experience globally
Delivery service start-up Glovo has engaged Orange Business Services to support its global expansion plans with a wide range of contact center and telephony services.
TradeMark East Africa (TMEA) and the Eastern and Southern African Trade & Development Bank (TDB) have signed a Memorandum of Understanding (MoU) that establishes a framework for collaboration ultimately seeking to boost trade in the region served by both institutions.
Under the MoU both parties will co-operate in exploring the possibility of supporting the introduction of ICD’s programs to FEI member enterprises in Egypt.
IFC announced a financing and advisory services package for CHO Group, Tunisia's olive oil producers and exporters, to help the company expand production and create jobs in the agriculture sector.
Nedbank Mozambique S.A. has joined IFC's Global Trade Finance Program (GTFP) to boost a vital economic engine of growth that has been strained by the COVID-19 pandemic.
[Ghana] USTDA invests in development of aircraft maintenance facility at Kotoka International Airport
The U.S. Trade and Development Agency has announced grant funding for a feasibility study to support the development of an aircraft maintenance, repair, and overhaul (“MRO”) facility at the Kotoka International Airport (KIA) in Ghana.
Dublin’s digital hub will play a supporting role in Africa’s maturation process until Johannesburg is equipped to take on the local challenges and unique offerings that ultimately yield innovative, scalable solutions.
With the introduction of Hype, Opera is redefining the concept of mobile browsers, providing users with a personalized, engaging browsing experience that enables seamless chatting, surfing and sharing – without compromising speed or driving increased data consumption.
Ooredoo Tunisia selects P.I. Works solution to reduce integration costs and implementation timelines
By integrating seven vendors from three different domains into a single monitoring product, VantagePM will become Ooredoo Tunisia’s one stop network monitoring solution.
Internet Exchange Points are critical in lowering connectivity costs in Africa, Internet Society report
A new report published by the Internet Society outlines the state of Internet interconnection in Africa and the critical role Internet Exchange Points (IXP) play in improving access and lowering costs.
Opera is launching Hype Clubs, public and interest-based group chats in Hype, the new chat service built into the Opera Mini web browser. Hype is currently available and quickly gaining popularity in Kenya, South Africa, Ghana, Zambia, Nigeria and other English-speaking African countries.
South African born Avatar Cape Town, a subsidiary of the Avatar Agency Group , triumphed in a TECNO global pitch by demonstrating its mantra of ideas that move people against international network agencies in the Europe and APAC.
Liquid Technologies and Facebook have announced a partnership to build an extensive long haul and metro fibre network in the Democratic Republic of Congo (DRC) that is expected to improve internet access for more than 30 million people
ITFC signs €10 million financing agreement with Bridge Bank Group Cote d’Ivoire to support private sector and SME funding
The facility represents a significant portion of BBGCI’s remaining 2021 trade financing requirements and enables BBGCI to support the Bank’s growing private sector clients as well as small-to-medium-sized enterprises (SMEs).
The Annual Investment Meeting Africa Edition (AIM AFRICA), in multilateral partnership with the Islamic Development Bank (IsDB), the Islamic Corporation for the Development of the Private Sector (ICD) and the IsDB Group Business Forum (THIQAH), organized the first digital edition of AIM AFRICA.
The partnership will provide local SMEs with tailor-made digital solutions to enable them to adapt to the disruptions caused by the COVID-19 pandemic, continue interacting with customers online and grow their businesses.
The Board of Directors of the African Development Bank had the granting of a loan of 39 million euros for the implementation of the first independent producer of hydroelectric power project in Gabon.
Qatar Petroleum has entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa.
He joins Barclays from JP Morgan Cazenove, where he has spent 22 years, starting as an Associate in its M&A team before taking over the management of the UK real estate team in 2016.
Through this partnership, SoftBank and Smart Africa will work to bridge the digital divide by providing accessible and affordable internet connectivity to Africa’s underserved regions.
The African natural gas value chain has become the preferred destination for foreign direct investment – not only because the continent holds over 500 trillion cubic feet of proven reserves, but also because natural gas is a critical step in the global energy transition.
With this funding, the company is launching ‘SentinelX’, a digital health membership that champions preventive, personalized, and continuous care using proprietary technology.
One of the industries that can benefit from AfCFTA is the energy sector, both the traditional oil and gas operators as well as the growing number of renewable enterprises.
National Aviation Services and Colossal Africa acquire South African ground handling company BidAir Services
Following the acquisition, BidAir Services becomes NAS Colossal Aviation Services and is part of NAS, the largest airport services network in Africa.
The new alliance between Schneider Electric and HPE is aimed to launch a package of products specially tailored to suit the needs of edge computing users across many sectors, including telecom service providers, banking and retail.
In fact, 68% of SMEs in Sub-Saharan Africa are projecting revenues that will either grow or hold steady. Almost half (48%) are projecting an increase.
Cellulant, a Pan-African payments company, has unveiled its new brand identity and affirmed its commitment to partner with global, regional and local businesses to accelerate Payments’ digitisation across Africa.
The agreement calls for 100,000 Russian software licenses to be supplied to state and municipal schools, kindergartens, colleges, and vocational training institutions in Djibouti.
The African Development Bank,AfDB, the Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank.
Social media adoption helps small and medium-sized businesses power Africa’s economic growth, report
A study conducted by Genesis Analytics in eight African countries - Senegal, Côte d’Ivoire, the DRC, South Africa, Nigeria, Ghana, Mauritius, and Kenya - reveals that social media platforms help accelerate economic growth and opportunity across the continent.
The agreement enables the university to use Esri solutions in the development of new technologies for monitoring desertification, climate change, sustainable development goal progress, oceanography, mining, architecture, and urbanization.
In partnership with Digital Parks Africa, a provider of wholesale data centres for large-scale data centre needs, Vodacom Business can further support clients’ off-premise data centre requirements while offering the highest IT standards and services.
The agreement will see the DGCX and FMA collaborate on areas of mutual benefit, foster collaboration, and exchange knowledge around gold trading.
The Zambia-Zimbabwe Technical Working Group (TWG) on the Joint Industrialization programme has agreed on an action matrix to guide the implementation of the programme and provide a timeframe for achieving the set targets.
Andersen Global extends its African presence through a Collaboration Agreement with one of Lesotho’s largest law firms, Webber Newdigate Attorneys, enhancing the organization’s coverage in the southern region of the continent.
Eutelsat Communications and Vox, an end-to-end integrated ICT and infrastructure provider and telecommunications company, have reached a multi-year distribution agreement to extend high-speed network connectivity to South Africa.
DP World, the provider of integrated logistics solutions, and the Government of Somaliland inaugurated the new container terminal at Berbera Port, following completion of the first phase of the port’s expansion.
South African Minister for Trade, Industry and Competition, Ebrahim Patel, along with industry stakeholders from the steel and metal fabrication sector signed a Master Plan for the sector.
Deep Catch is a diversified and vertically integrated business engaged in the wholesale, distribution and cold storage of perishable foods (mainly poultry, fish and dairy products) in Namibia and the Southern African Development Community (SADC) region.
Dedicated to supporting the country’s high industrial demand, the new learning centre for system integrators and OEM will enable the full capabilities of Rockwell Automation for its customers and partners in Egypt.
Amazon Web Services launches world’s first global competition to find and fix 1 Million software bugs
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, has announced the AWS BugBust Challenge, the world’s first global competition for developers to collectively eliminate one million software bugs.
The award is set aside for the Top World Civility Leaders who are making a global impact with their businesses, innovations and initiatives.
As part of the five-year collaboration with MTN, Tecnotree will deploy its Digital BSS Suite 5 to help accelerate the operator’s business growth, increase agility and boost operational efficiency.
The Cancel Fossil Fuels movement is currently being led by the International Energy Agency, which recently declared that all oil and gas exploration must cease immediately in order to achieve compliance with the Paris climate accords – and save the world from the mythical fires of hell on Earth.
The alliance has been established with a single vision: to make nutritious and sustainable food the preferred consumer choice.
SAP SE has announced that Bboxx, a next generation clean energy and utility provider, has selected the Grow by SAP cloud offering to scale the business to meet its ambitious goal to solve energy poverty.
In line with the Global Reporting Standards, Attijariwafa bank Egypt issued its first sustainability report covering the period from 2019 to 2020.
ICAP Africa has launched a new division, Africa Direct, which offers a comprehensive range of financial services to corporate clients and institutional investors who are likely to be exposed to risk in African markets.
IFC announced a trade finance guarantee facility to Djibouti-based East African Bank to help local companies engage in cross-border trade.
Delta Air Lines and Kenya Airways PLC have expanded their codeshare agreement, increasing the choice of destinations offered by Delta in Africa and extending Kenya Airways’ reach in North America via the U.S. gateway of New York-JFK.
ITIDA awards licenses to Fixed Misr and El-Delta Electronic Systems to fast-track digital signature adoption across Egypt
Egypt’s Information Technology Industry Development Agency (ITIDA) has awarded Fixed Misr and El-Delta Electronic Systems licenses to provide digital signature services, after receiving the highest scores in the overall evaluation of submitted offers.
As Shoprite continues to evolve their business to better serve customers, with the introduction of the Xtra Savings cards and their continued commitment to low prices and personalising the customer experience the retailer has chosen to renew their agreement with global Customer Data Science company dunnhumby.
San Leon announced a conditional investment of $2 million as well as an option to conditionally invest a further $6.5 million in the equity of Energy Link Infrastructure, the company which owns the Alternative Crude Oil Evacuation System project.
Investment by South African companies has topped $100 million at Tatu City. The 5,000-acre Special Economic Zone – located 30 minutes from central Nairobi – represents one of the largest concentrations of South African foreign direct investment in Kenya and East Africa.
Zamtel and Mastercard have announced a strategic partnership that will enable Zamtel Mobile Money customers – even those without bank accounts – to make safe and seamless digital payments on the Mastercard network including international e-commerce transactions.
In response to high demand, Qatar Airways has increased its service to Nigeria’s financial centre, Lagos, to two daily flights starting from 1 July 2021.
The OPEC Fund for International Development has signed a $20 million loan agreement with The Gambia to co-finance the expansion of the Bertil-Harding Highway.
World Bank partners with African Union to support rapid vaccination for up to 400 million people in Africa
In a boost to the African Union’s target to vaccinate 60% of the continent’s population by 2022, the World Bank and the AU announced that they are partnering to support the Africa Vaccine Acquisition Task Team (AVATT) initiative.
The Ghana Cocoa Board (COCOBOD), signed an agreement with Bühler to build Ghana’s local cocoa processing and value addition capacity through training, product development and technology guidance.